Mortgage funds pledged to combat predatory lending

February 02, 2006
The practice of predatory lending strips billions of dollars in home equity from low-income and minority consumers each year, according to the Center for Responsible Lending, a nonprofit, nonpartisan research and policy organization.
     Consumer groups try hard to draw attention to this problem. But it's hard to get sympathy or needed federal legislation enacted for low-income borrowers or people with poor credit because, often, the sentiment is that these folks get what they deserve.